The entry to increase the balance in petty cash from $50 to $75 would include a credit to Petty Cash of $25.
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Q41: The petty cash fund should be reimbursed
Q42: An invoice is an itemized statement of
Q43: Outstanding checks, deposits in transit, deductions for
Q44: Since petty cash is concerned with such
Q45: When a voucher system is used, an
Q47: Proper internal control would require that a
Q48: It is generally not necessary for businesses
Q49: After preparing a bank reconciliation, adjustments must
Q50: Outstanding checks are checks the bank has
Q51: Approved vouchers are recorded in a journal
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